South Korea revises up Q2 GDP to 0.7% on stronger exports - KED Global | AI News Digest
South Korea has revised its Q2 GDP growth to 0.7%, reflecting stronger exports than previously estimated. This adjustment is an increase of 0.1 percentage points from the Bank of Korea's earlier forecast. Despite a significant decline in exports to the US in August, the overall economic outlook remains cautiously optimistic due to government stimulus measures. The Bank of Korea has also slightly raised its growth forecast for 2025 to 0.9%, indicating a potential recovery. However, challenges such as sluggish investment and ongoing trade tensions persist. Analysts from global investment banks are more optimistic, citing easing trade uncertainties and signs of consumer recovery.
